Renewable Energy Certificates (SREC)- How to Buy, Sell, AND Earn SRECs

Solar Renewable Energy Credits (SRECs) are the BEST way to support clean energy and earn extra income! Learn what Renewable Energy Credits are, how to buy and sell SRECs and earn with a Virtual PPA.
If you're interested in how Pivot Energy can help you launch your commercial solar or community solar projects, visit www.PivotEnergy.net.
For some businesses, Solar Renewable Energy Certificates can be a more accessible way to support and reap the benefits of clean energy. Today you’ll find out how SRECs work, and how you can buy, sell, and earn them using a VPPA.
Check out the videos on our channel and drop any questions that you have in the comments. We’re here to help!
OR reach out to Victoria via her email listed below.
Victoria: [e-mail]
VIDEOS MENTIONED:
SRECs Explained: • What are Renewable Ene...
VPPAs Explained: • Virtual Power Purchase...
ABOUT PIVOT ENERGY:
Pivot Energy is a national solar provider that develops, finances, builds, and manages solar and energy storage projects. Pivot offers a distributed energy platform that includes a range of services and software aimed at serving the full solar ecosystem. Pivot operates on a triple bottom line basis, measuring success by the positive impact on people, the planet, and profit. Learn more at www.PivotEnergy.net​.
TIMESTAMPS:
00:00 Intro
0:20 How to Buy and Sell SRECs
0:47 What Are SRECs and Their Benefits?
1:51 How SREC Registries Work and Types of Registries (Green-e and RPS)
3:35 How to Earn SRECs
3:52 Earn High-Impact SRECs With a VPPA
4:45 How to Buy and Sell SRECs
5:55 Maximize SREC Benefits With Pivot Energy
#commercialsolar #srec #VPPA

[@Doc02864]

I have an 18 KW solar array. Solar edge is not an independent verifier for the state of Rhode Island. I don’t know how to choose another independent verifier. Does my installer need to choose one via software? I don’t have any software to make changes. Thanks.

[@robertbrooks7936]

I live in TX. Can I sell my SRACS out of my market?

[@didonlobe]

Can single family homeowners use/sell SRECs on their own or is it best to sell those to the Solar provider?

[@KhemistryIBMOR]

Concur. This video is directed toward businesses.

[@ericsonne7839]

Does the 'C' in SREC mean "Credits" or "Certificates"? They seem to be used interchangeably in this video.

[@PivotEnergySolar]

Great question! It's confusing as "Credits" and "Certificates" can technically be used interchangeably, but "Solar Renewable Energy Certificates" is the official name as you are purchasing a "certificate" that represents the generation of 1 MWh of renewable energy.

[@KhemistryIBMOR]

What is the point of "retiring" SREC's? It eludes me.

[@PivotEnergySolar]

Great question! Retiring of SRECs ensures that any environmental claims can not be double counted. The retirements happen in public registries, and helps corporates taking voluntary actions to address their emissions keep track of their actions as well any auditing they may go through for verification purposes.

[@Jsosa787]

Where can I find these REC registries?

[@PivotEnergySolar]

There are different registries based on geographic location of the renewable projects. For example PJM, Ercott, Miso, just to name a few. All of them have public websites where previous retirements of the RECs can be seen. To retire SRECs or sell, you will have to go through your solar developer, utility, or REC retailer.

[@0xproductguy]

Are SRECs and Carbon Credits Certificates the same thing?

[@PivotEnergySolar]

Great question! No, solar renewable energy certificates (SRECs) and carbon credits are not the same thing. A carbon credit is generated when someone takes an action to eliminate or avoid the emission of one metric ton of greenhouse gas emissions. You can think of SRECs as a solar specific renewable energy credit. One SREC represents one megawatt-hour of electricity created by a solar system. Simply put, carbon credits can be any sort of emission reduction activity, while SRECs are specifically tied to solar energy production.

[@BiaxialBigfoot]

Is it 1MWh generated or sent to grid?

[@PivotEnergySolar]

Great question! Each SREC represents one megawatt-hour of electricity generated by the solar array. Additionally, the electricity has to be delivered by the grid in order to count as an SREC.

[@BiaxialBigfoot]

@@PivotEnergySolar so if you use the energy at your home it doesn’t count towards the SREC accumulation? Kinda lame, since each MWh you consume that you generated means that’s 1MWh less of nonclean sources you could’ve used. I feel u still deserve the credit. Who cares if it’s you use the power or your neighbor does. Appreciate the explanation! Lemme know if I’m misunderstanding.

[@maz3808]

So individuals can not buy/sell SRECS?

[@PivotEnergySolar]

Individuals can buy offsets and RECs to address their emissions. We do not offer this service to individuals, however many utilities have programs to purchase RECs. We suggest starting there!

[@landsystems5807]

In other words, all about virtue signaling

[@BiaxialBigfoot]

I wouldn’t say virtue signaling. It allows utilities/companies to compensate residents in exchange for SRECs they need to adhere to state requirements/laws. Virtue signaling would be if they do it to appear good to the public. That might be a side effect but they do it to avoid fines and maintain good standing w the government. Probably helps utilities to keep getting subsidies too